PRICE LIFTING SCHEME
AMERICAN FARM PRODUCTS MIDDLE WEST PROPOSALS. FITTING SUPPLY TO DEMAND. LIMITING PRODUCTION. (United Press Association —By Electrio Telegraph Copyright.) Received 2.45 p.m. to-day. WASHINGTON, Nov. 3. A gigantic marketing agreement under the Farm Act, covering major farm commodities of the Middle West, was proposed to-day at a conference of the Administration and governors This new price-lifting scheme would be an agreement under which farmers would be guaranteed a fixed price for their products based on “parity” levels. . It is designed to give products the equivalent of pre-war purchasing power. The farmer would agree to curtail production in future years, as found necessary by the Department of Agriculture, to fit supply to the demand existing for each commodity. The reaction to this proposal of the Roosevelt Administration is uncertain.
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Bibliographic details
Hawera Star, Volume LIII, 4 November 1933, Page 9
Word Count
131PRICE LIFTING SCHEME Hawera Star, Volume LIII, 4 November 1933, Page 9
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